https://www.taxtmi.com/caselaws?id=378642 Continued restraint over bank accounts under the PMLA was found unjustified where the statutory requirements for recording and serving reasons to believe for continuation of freezing were not met and no specific transaction was shown to support the action; the bank accounts were therefore de-frozen, subject to restriction on dealing with the balance. Freezing of the immovable properties was maintained because the allegations, pending criminal proceedings, and retention proceedings justified continued interim protection at that stage, although the appellant was permitted to use the property and further relief was left open after progress in the criminal case. en-us Wed, 10 Apr 2019 00:00:00 +0530 Fri, 19 Apr 2019 07:36:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378642 Continued restraint over bank accounts under the PMLA was found unjustified where the statutory requirements for recording and serving reasons to believe for continuation of freezing were not met and no specific transaction was shown to support the action; the bank accounts were therefore de-frozen, subject to restriction on dealing with the balance. Freezing of the immovable properties was maintained because the allegations, pending criminal proceedings, and retention proceedings justified continued interim protection at that stage, although the appellant was permitted to use the property and further relief was left open after progress in the criminal case. Case-Laws Money Laundering Wed, 10 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378642